Facts and figures
* Has a GDP at current currency exchange rate of 2,65 trillion dollars as estimated by the IMF in 2006. Due to robust currencies and economies, it is up from 1,506.8 billion in 2005 (World Bank). See List of countries by GDP (nominal).
* Its population of 361 million people.
* Covers an area of over 17 million square kilometers, larger than the largest country, Russia
* The export earnings amount to 181 billion 856 million dollars
* Possesses 27% of the world's freshwater sources
* Has eight million square kilometers of forested land and is surrounded by two oceans
* Is the world's foremost food producer and exporter
* Its stock of hydrocarbon resources will last 100 years
* Some 95 percent of its inhabitants share a single religion
* The great majority of its inhabitants speak one of two languages (Portuguese & Spanish)
Now you may ask why I post this info? Well is to give my peeps some ideas how to make money and keep in in mind the Euro vs USD.
Initially the Euro was low when it came out vs USD, now it is higher than USD. Go google and see trend. Will not write book here on it, but this how to make..
When coins and notes become legal tender and national currencies become obsolete, the country have to trade in those currency(holders, banks, you) to get the new currency, this set a value per each country accordingly, establish the fixed conversion rate for each national currency. The calculation of the exchange rates followed the regular daily concertation procedure, which used the representative exchange rate for each nation's currency against the U.S. dollar(and now the Euro). It uses fluctuations of plus or minus 15 percent as the basic rule. Follow me?
Now what you want to do is to buy the single most strongest currency NOW in South America, and wait for the conversion, this will happen in phases according to the timetable of the union.
let say you invest 10,000US in the strongest South America economy now which is Venezuela. The exchange rate is 2.144..you have $21,440 Venezuela Bolivares Fuertes. Follow me?
As the conversions comes to Venezuela it is mostly it will be a convert close to par to the new currency, let's say...1.50..now you have $15,000 in the new currency..hold it, be smart here, remember the region have resources and they may even be at par with US dollar or higher.
read more if need.
http://en.wikipedia.org/wiki/Union_of_South_American_Nations
* Has a GDP at current currency exchange rate of 2,65 trillion dollars as estimated by the IMF in 2006. Due to robust currencies and economies, it is up from 1,506.8 billion in 2005 (World Bank). See List of countries by GDP (nominal).
* Its population of 361 million people.
* Covers an area of over 17 million square kilometers, larger than the largest country, Russia
* The export earnings amount to 181 billion 856 million dollars
* Possesses 27% of the world's freshwater sources
* Has eight million square kilometers of forested land and is surrounded by two oceans
* Is the world's foremost food producer and exporter
* Its stock of hydrocarbon resources will last 100 years
* Some 95 percent of its inhabitants share a single religion
* The great majority of its inhabitants speak one of two languages (Portuguese & Spanish)
Now you may ask why I post this info? Well is to give my peeps some ideas how to make money and keep in in mind the Euro vs USD.
Initially the Euro was low when it came out vs USD, now it is higher than USD. Go google and see trend. Will not write book here on it, but this how to make..
When coins and notes become legal tender and national currencies become obsolete, the country have to trade in those currency(holders, banks, you) to get the new currency, this set a value per each country accordingly, establish the fixed conversion rate for each national currency. The calculation of the exchange rates followed the regular daily concertation procedure, which used the representative exchange rate for each nation's currency against the U.S. dollar(and now the Euro). It uses fluctuations of plus or minus 15 percent as the basic rule. Follow me?
Now what you want to do is to buy the single most strongest currency NOW in South America, and wait for the conversion, this will happen in phases according to the timetable of the union.
let say you invest 10,000US in the strongest South America economy now which is Venezuela. The exchange rate is 2.144..you have $21,440 Venezuela Bolivares Fuertes. Follow me?
As the conversions comes to Venezuela it is mostly it will be a convert close to par to the new currency, let's say...1.50..now you have $15,000 in the new currency..hold it, be smart here, remember the region have resources and they may even be at par with US dollar or higher.
read more if need.
http://en.wikipedia.org/wiki/Union_of_South_American_Nations
